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Most of the leases are for a substantial part of the equipment''s useful life, and therefore the lessee needs to be very credit-worthy. Often the lessor will be in different jurisdictions than the lessee, and Citicorp will determine creditconsolidation the optimum jurisdiction after taking into consideration the tax impact on the lessee of entering into the transaction. Principal investor jurisdictions include the U.S., Germany, Japan, the U.K. and France. Since leases are treated in many countries as off balance sheet finance, Citicorp has also designed some shorter term lease structures which we intended to be treated as leases for accounting purposes, but may be loans for tax purposes. Such leases allow a company to raise 100% finance, pay low rentals and have an option to acquire the equipment in the future at a predetermined price. This will result in an improvement in the income statement without a balance sheet impact. There will be some disclosure of lease rates which rating agencies will use to increase liabilities. Commodities We are a specialist commodity team focusing exclusively on providing industry-specific commodity risk management solutions to our global customer base. We provide 24 hour access to the full range of risk management techniques through our regional creditconsolidation hubs in New York, London and Sydney. Our key focus is in the energy and metals sectors servicing producers and end users globally. Together with Our company and Phibro we provide the full range of commodity-related risk management services including futures, physical trading and structured risk management tools. Additionally, we have access to the full range of equity and futures research of Our company. Our global network, combined with a strong customer focus, uniquely positions us as one of the premier commodity risk management institutions for clients seeking innovative financial products and services in the global marketplace. Our company offers a complete range of services to settle your high value financial transactions on a daily basis. Through direct participation in all major cash clearing systems, Our company has created a uniquely efficient environment. By not relying on intermediary banks or networks, we retain greater control over the execution creditconsolidation of transactions, enabling us to guarantee consistent processing of your clearing traffic. The combination creditconsolidation of financial strength, on-the creditconsolidation ground expertise and service quality gives Our company an unmatched presence, and, in turn, an unrivalled ability to handle your high-value, time-sensitive payment needs. Even though the digital age has eliminated much of the paper involved in the world’s payment systems, checks remain an integral part of any creditconsolidation bank’s payments service. Our company offers services to streamline the handling of these checks, speed up the delivery of value to you and your customers, and integrate checks into the electronic interbank systems as much as possible.
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